Southwest Airlines Co. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,328	3,231	7,509	9,288	9,492	12,480
Short-Term Investments	-	-	1,216	2,186	2,800	3,024
Cash & Short-Term Investments	3,328	3,231	8,725	11,474	12,292	15,504
Cash Growth	-59.67%	-62.97%	-23.96%	-6.65%	-20.72%	16.27%
Accounts Receivable	1,254	1,149	1,110	1,154	1,040	1,357
Inventory	833	775	800	807	790	537
Other Current Assets	554	490	639	520	686	638
Total Current Assets	5,969	5,645	11,274	13,955	14,808	18,036
Net Property, Plant & Equipment	20,376	20,245	19,056	19,375	44,626	14,842
Goodwill	970	970	970	970	970	970
Other Long-Term Assets	1,021	1,112	1,081	964	855	882
Total Assets	29,355	29,061	33,750	36,487	35,369	36,320
Accounts Payable	2,114	1,991	1,818	1,862	2,004	1,282
Accrued Expenses	2,170	2,349	2,206	3,606	2,043	1,624
Current Portion of Long-Term Debt	851	324	1,630	29	42	453
Current Portion of Leases	300	312	328	208	225	239
Unearned Revenue	7,049	5,945	6,294	6,551	6,064	5,566
Total Current Liabilities	12,484	10,921	12,276	12,256	10,378	9,164
Long-Term Debt	4,536	4,577	5,069	7,978	8,046	10,274
Long-Term Leases	709	768	1,031	985	1,118	1,315
Other Long-Term Liabilities	4,751	4,814	5,024	4,753	5,140	5,153
Total Long-Term Liabilities	9,996	10,159	11,124	13,716	14,304	16,742
Total Liabilities	22,480	21,080	23,400	25,972	24,682	25,906
Common Stock	888	888	888	888	888	888
Treasury Stock	-14,798	-13,593	-11,044	-10,823	-10,843	-10,860
Additional Paid-in Capital	4,260	4,322	4,199	4,153	4,037	4,224
Accumulated Other Comprehensive Income	-1	-24	-25	-	344	388
Retained Earnings	16,526	16,388	16,332	16,297	16,261	15,774
Shareholders' Equity	6,875	7,981	10,350	10,515	10,687	10,414
Total Liabilities & Equity	29,355	29,061	33,750	36,487	35,369	36,320
Total Debt	6,396	5,981	8,058	9,200	9,431	12,281
Net Cash (Debt)	-3,068	-2,750	667	2,274	2,861	3,223
Net Cash Growth	-	-	-70.67%	-20.52%	-11.23%	183.97%
Net Cash Per Share	-5.87	-4.93	1.04	3.55	4.46	5.29
Book Value	6,875	7,981	10,350	10,515	10,687	10,414
Book Value Per Share	13.15	14.30	16.10	16.43	16.65	17.10
Tangible Book Value	5,905	7,011	9,380	9,545	9,717	9,444
Tangible Book Value Per Share	11.30	12.56	14.59	14.91	15.14	15.51

SEC Filings: 10-K · 10-Q